Inventory Cost Analyst
About The Position
Flexicon Corporation is seeking an Inventory Cost Analyst to join its Finance team in Bethlehem, Pennsylvania. This analytical role focuses on understanding and analyzing inventory costs in a manufacturing environment. The analyst works with inventory valuation, standard costs, material and purchase variances, bills of materials (BOMs), work orders, labor and overhead, and ERP cost data to support accurate costing and improve visibility into inventory and product-cost drivers. The role involves investigating numbers, discrepancies, and trends, and collaborating with Finance, Operations, Purchasing, Engineering, and Warehouse teams to understand changes in costs and their underlying causes. The position also supports cost reporting, cost-data and process improvements, period-end analysis, reconciliations, and audit requirements.
Requirements
- Bachelor's degree in Accounting, Finance, Business, Supply Chain, or a related field, combined with relevant inventory or manufacturing costing experience.
- 3+ years of hands-on experience in inventory costing, product costing, cost accounting, or manufacturing cost analysis.
- Experience with standard costing and variance analysis.
- Experience analyzing inventory valuation, BOMs, material costs, work orders, labor, and/or overhead.
- Strong understanding of how inventory transactions and manufacturing activity affect product cost.
- Experience working with an ERP system such as Epicor, SAP, Oracle, NetSuite, Microsoft Dynamics, or a similar manufacturing system.
- Advanced Excel skills and comfort working with large amounts of data.
- Strong analytical and problem-solving skills.
- Ability to investigate discrepancies, identify root causes, and communicate findings clearly.
- Ability to work effectively with Finance and operational teams.
Nice To Haves
- Experience in a manufacturing or engineered-to-order environment.
- Experience with inventory and product costing in an ERP system.
- Experience with BOMs, routings, work orders, standard-cost development, and manufacturing variances.
- Experience working cross-functionally with Operations, Purchasing, Engineering, and Finance.
- Epicor experience.
Responsibilities
- Analyze inventory valuation and costing for raw materials, work in process, and finished goods.
- Analyze standard versus actual costs and identify drivers behind material, labor, overhead, usage, and other manufacturing variances.
- Analyze purchase price variances, material cost changes, and supplier-related cost trends.
- Review BOMs, routings, labor rates, overhead allocations, and other costing inputs for accuracy and reasonableness.
- Analyze job and work-order costs to identify unusual activity, cost drivers, and opportunities for improvement.
- Support annual standard-cost-setting activities and periodic cost updates.
- Analyze inventory transactions, adjustments, transfers, and other activity affecting inventory cost.
- Analyze excess, slow-moving, and obsolete inventory and provide supporting cost data.
- Prepare cost reports, trend analyses, and other management reporting.
- Partner with Finance, Operations, Purchasing, Engineering, and Warehouse teams to improve costing accuracy and resolve cost-related issues.
- Support month-end and year-end inventory and manufacturing-cost analysis, reconciliations, and audit requirements.
- Identify opportunities to improve cost data, processes, controls, and reporting.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
